Momentum Strategy Bot is an automated trading system designed for momentum breakout trading using Donchian Channel breakout validation and momentum confirmation based on recent price changes. It places pending stop orders only when predefined conditions are met, applying USD-based risk management by converting fixed Stop Loss and Take Profit amounts into pips according to the traded symbol. The bot features an automated trailing stop that adjusts Stop Loss levels as the market moves favorably.

Key functionalities include direction filtering (Buy only, Sell only, or both), volume control with options for minimum exchange volume or custom units, and account equity protection through Net Target Profit and Net Maximum Loss thresholds that halt trading when reached. A spread filter is incorporated to avoid trading during high spread conditions, reducing the risk of premature Stop Loss hits and false breakouts.

Input parameters allow customization of momentum and Donchian Channel lookback periods, trade direction, risk per trade, and volume settings. The bot monitors equity drawdown and daily loss limits to maintain risk discipline.

This system suits traders employing momentum and breakout strategies who require fixed monetary risk per trade and prefer rules-based automated execution without discretionary intervention. It supports market analysis via algorithmic and technical methods and operates with market order types on various instruments including Forex and indices.